Business · 2h ago
India drops import duties on smartphone parts to boost iPhone manufacturing
India removed import duties on select smartphone components to strengthen its electronics manufacturing hub ambitions. The move directly benefits Apple and other phone makers assembling devices in the country. Tariff relief lowers production costs and could accelerate Apple's shift of iPhone assembly away from China.
Meridian48 take
The tariff cut is a clear win for Apple's supply chain diversification, but India still lags behind China in infrastructure and labor efficiency.
apple-supply-chainindia-manufacturing